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LG Electronics India plans IPO to sell a 15% stake, aiming to raise around Rs 15,237 crore.
LG Electronics India is planning an IPO to sell 10.18 crore shares, representing a 15% stake, to raise around Rs 15,237 crore.
This will be the second South Korean company to list in India after Hyundai Motors.
The proceeds will go to the South Korean parent company.
LG Electronics India is a major player in home appliances and consumer electronics, with FY24 revenue of Rs 64,087.97 crore.
The IPO aims to enhance brand visibility and create public market liquidity.
Leading banks like Morgan Stanley, J.P. Morgan, and Citi are managing the issue.
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LG Electronics India planea vender una participación del 15%, con el objetivo de elevar alrededor de Rs 15.237 crore.